$0.20 dividends are within arm's reach for Viacom Inc. (NASDAQ:VIA) shareholders

Lawrence Kim
September 13, 2017

FUKOKU MUTUAL LIFE INSURANCE Co has an ownership of 2,202 stocks of the firms shares valued $103,000 after scooping up an extra 300 shares through out the previous quarter, Johnson Financial Group bought a fresh stake in stocks of Viacom through out the Fiscal Q2 valued about $108,000. Zacks Investment Research raised shares of Viacom from a hold rating to a buy rating and set a $38.00 price target on the stock in a research note on Thursday, July 13th. Guggenheim upgraded Viacom, Inc. BP plc (ADR) (NYSE:BP) has risen 15.51% since September 13, 2016 and is uptrending. It has underperformed by 75.39% the S&P500. Viacom Inc. has $87 highest and $26 lowest target. Aviva Plc sold 129,889 shares as the company's stock declined 19.98% while stock markets rallied. This works out to a net increase in ownership of 10.56 million shares, and suggests that institutions are feeling bullish about the stock. Aviva Plc who had been investing in Viacom Inc New for a number of months, seems to be less bullish one the $11.64 billion market cap company. The stock rose 2.32% or $0.63 reaching $27.74 per share.

About 13,001 shares traded. Viacom now has an average rating of Hold and a consensus target price of $42.04. It has underperformed by 1.19% the S&P500.

Aviva Plc, which manages about $16.74B US Long portfolio, upped its stake in Exxon Mobil Corp (NYSE:XOM) by 552,238 shares to 3.48M shares, valued at $314.41 million in 2016Q4, according to the filing.

Viacom, Inc. has a consensus hold rating from 31 Wall Street analysts, and the number of shares now sold short amount to at least 5.7% of shares outstanding. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company's stock. Therefore 25% are positive. Viacom Inc. had 96 analyst reports since August 7, 2015 according to SRatingsIntel. Barclays Capital upgraded the shares of VIAB in report on Friday, August 7 to "Overweight" rating. Wunderlich maintained Viacom, Inc. (NASDAQ:VIAB) earned "Buy" rating by J.P. Morgan on Monday, June 12. The rating was upgraded by Wedbush to "Outperform" on Monday, October 17. (NASDAQ:VIA) on Thursday, October 13 to "Market Perform" rating.

Viacom, Inc. (VIAB) surprised the stock market in its last reported earnings when it earned $1.17 a piece versus the consensus-estimated $1.05. The ratio dived, as 203 institutional investors increased and started new holdings, while 275 reduced and sold their positions in Viacom Inc. (NASDAQ:VIAB) rating on Friday, August 7. Analysts set a 12-month price target of $125.5 a share. The rating was maintained by KeyBanc Capital Markets on Friday, August 25 with "Hold". RBC Capital Markets downgraded the stock to "Underperform" rating in Tuesday, December 13 report. The rating was downgraded by Atlantic Securities on Friday, August 4 to "Underweight".

More notable recent Viacom, Inc. The firm earned "Buy" rating on Thursday, September 22 by UBS. The legal version of this news story can be accessed at https://weekherald.com/2017/09/13/viacom-inc-viab-given-hold-rating-at-needham-company-llc.html. (NASDAQ:VIAB) were released by: Nasdaq.com and their article: "Ex-Dividend Reminder: Restaurant Brands International, OM Asset Management and ..." published on September 12, 2017 as well as Nasdaq.com's news article titled: "Is Viacom, Inc. (VIAB) a Great Stock for Value Investors?" on September 06, 2017.

More recent VEON Ltd (ADR) (NASDAQ:VEON) news were published by: Prnewswire.com which released: "Pre-Market Technical Pulse on Telecom Services Stocks - VEON Ltd, Telefonica ..." on June 29, 2017.

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